Information Taken from the Accounting Records of Airways,Inc

Information taken from the accounting records of Airways,Inc. ,for the year ended December 31,2017,appears in the table below.In the space provided,indicate in which section of the statement of cash flows (investing or financing)each item would be reported and whether the item is a cash inflow or outflow.If an item is neither an investing activity nor a financing activity,place an X in the box.

$$\begin{array} { | l |l | l | l | } \hline \text { Transaction } & \begin{array} { c } \text { Cash Flow } \\\text { Section }\end{array} & \begin{array} { c } \text { Inflow or } \\\text { Outflow }\end{array} \\\hline \text { a. } \quad \text { Proceeds from sale of investment, } \$ 65,000 & & \\\hline \text { b. } \quad \text { Proceeds from borrowing from the bank, } \$ 32,000 & & \\\hline \text { c. } \quad \text { Dividends declared, } \$ 68,000 & & \\\hline \text { d. } \quad \text { Repayments of long-term debt, } \$ 21,000 & & \\\hline \text { e. } \quad \text { Preferred shares issued, } \$ 140,000 & & \\\hline \text { f. } \quad \begin{array} { l } \text { Preferred shares converted into common stock; the market } \\\text { value at time of exchange, } \$ 35,000\end{array} & & \\\hline \text { g. } \quad \text { Dividends paid to shareholders, } \$ 43,000 & & \\\hline\text { h. } \quad \text { Treasury stock purchases, } \$ 15,000 & & \\\hline \end{array}$$